Sales of Receivables (Tables)

6 Months Ended

Dec. 31, 2019

Transfers And Servicing Of Financial Assets [Abstract]

Summary of MARPA Activity

MARPA activity consisted of the following (in thousands):

	As of and for the
	Six Months Ended
	December 31, 2019
Outstanding balance – June 30, 2019:	$	192,527
Sales of receivables		1,144,293
Cash collections		(1,139,382	)
Outstanding balance sold to Purchaser – December 31, 2019: (1)		197,438
Cash collected, not remitted to Purchaser (2)		(53,904	)
Remaining sold receivables	$	143,534

(1) For the six months ended December 31, 2019, the Company recorded a cash inflow in its cash flows from operating activities of $4.9 million from sold receivables.  The cash inflow is calculated as the change in the outstanding balance of sold receivables as of December 31, 2019, compared with the outstanding balance as of June 30, 2019.

(2) Includes the cash collected on behalf of but not yet remitted to the Purchaser as of December 31, 2019.  This balance represents an obligation to the Purchaser and is included in other accrued expenses and current liabilities in the accompanying consolidated balance sheet.